Category: FINANCE

BEIJING—President Xi Jinping has picked an American-trained economist known for pushing pro-market overhauls to run the central bank, according to people with knowledge of the matter, adding to an economic team strong on proponents of liberalization.
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The announcement on Monday of Yi Gang as the new governor of the People’s Bank of China, China’s central bank, received somewhat less notice. The world should pay more attention. This choice is as important as any Fed nomination. It isn’t simply that ...
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His appointment is being seen as an attempt to ensure continuity at the bank as Beijing continues to try and rein in growing debt and limit risky financial practices. He will take over a central bank tasked with ongoing reform of the financial landscape ...
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China’s banking regulator, which oversees trust lending ... it’s difficult to prevent there being some looser bureaus and some stricter ones,” said one current Beijing-based regulator.
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BEIJING (Reuters) - Newly elected People’s Bank of China Governor Yi Gang said on Monday that the most important task is to implement prudent monetary policy, while at the same time pushing forward financial reform and opening. China should keep the ...
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SHANGHAI/BEIJING (Reuters) - Some of China’s biggest shadow banking groups are shopping for regulators in far-flung regions to help pass deals unlikely to be approved by more savvy regulators closer to home, according to multiple sources with direct ...
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Buenos Aires (Reuters) - Worries about the potential for a U.S.-China trade war and frustration over U.S. President Donald Trump's steel and aluminum tariffs threatened to dominate a gathering of finance leaders this week amid strengthening growth.
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China is to prioritise financial stability over growth this year; QNB said and has forecast the country’s growth at 6.4% in 2018. Last week at the National People’s Congress (NPC), an annual policy summit for the Chinese leadership, a real GDP growth ...
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JD.com, CICC and China Merchants Group declined to comment. COFCO did not respond to a request for comment. JD Finance mainly offers online financial services and products including consumer credit and wealth management products. It plans to use part of ...
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